New Relic (NYSE:NEWR) will release its earnings data after the market closes on Tuesday, May 14th. Analysts expect New Relic to post earnings of ($0.18) per share for the quarter.
New Relic stock opened at $107.30 on Monday. The company has a market capitalization of $6.14 billion, a PE ratio of -145.00 and a beta of 1.03. New Relic has a twelve month low of $70.30 and a twelve month high of $114.78. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.23.
Several research firms have recently weighed in on NEWR. Wedbush reiterated an “outperform” rating and issued a $124.00 price target on shares of New Relic in a report on Thursday, April 18th. Zacks Investment Research cut shares of New Relic from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Robert W. Baird upped their price target on shares of New Relic from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. JMP Securities reiterated a “hold” rating on shares of New Relic in a report on Monday, February 11th. Finally, Oppenheimer upped their price target on shares of New Relic from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 7th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $117.25.
New Relic Company Profile
New Relic, Inc, a software-as-a-service company, provides various digital products worldwide. Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data. The company offers New Relic Application Performance Management that provides visibility into the performance and usage of server-based applications, such as data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.
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